Income to Unit Holder from Business Trust - (New) Section 92(2)(k) / (Old) Section 56(2)(xii)

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....rces", namely:- • Any specified sum received by a unit holder from a business trust during the tax year with respect to a unit held by him at any time during such tax year. 1. Computation of Specified Sum   The computation of the specified sum shall be determined by the following formula: • Specified Sum = A-B-C  (Note: If the sum of B and C is gre....

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.... charged to tax under this clause in any earlier tax year. Under Section 56(2)(xii) of the Income Tax Act, 1961 [ Finance Act, 2023 w.e.f. 01st April 2024 ] [ Upto 31.03.2026 ] Where any specified sum received by a unit holder from a business trust during the previous year, with respect to a unit held by him at any time during the previous year. Explanation.-&nbsp....